Linear probability model continues
Despite the shortcomings of the linear probability model and the advantages of the MLE approach. Yet the linear probability model continues to be used. What are some reasons why it might still be used?
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Arbitron Media Research Inc. conducted a study of the iPod listening habits of men and women. One facet of the study involved the mean listening time. It was discovered that the mean listening time for men was 29 minutes per day.
Find the Region variable in the SampleDataSet. Using SampleDataSet, create a frequency distribution or a histogram. Based on the frequency distribution or histogram, estimate the probability associated with each region.
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